Ashgabat Stock Exchange recalled the possibility of trading shares on the secondary market
The Ashgabat Stock Exchange (ASE) reminded investors and issuers of the opportunity to trade shares on the secondary securities market in notice on the official website.
Secondary market trading reveals the real market value of shares that are traded on the securities market. One of the main tasks of the ASE is to determine this value based on supply and demand, the report says.
In this regard, the Ashgabat Stock Exchange called on clients to submit their offers for the purchase and sale of shares in the secondary market by phone numbers 46-86-27 and 46-88-05.
Thus, after a sufficient number of requests, the ASE will be able to estimate the market value of shares in circulation, and in the future share this information with investors to increase turnover on the secondary securities market.
To date, ASE regularly shares information about transactions concluded on the exchange, which can be followed at this link.
The exchange provides an opportunity to purchase shares of banks Senagat (20 TMT per share), Rysgal (5,250 TMT per share) and Halkbank (303 TMT per share). In total, there are 52.2 million TMT shares in circulation on the ASE.
Earlier ORIENT wrote that in the next three years The ASE, supported by USAID, will promote the emergence of private brokerage and investment companies in the country, the creation of a central depository for securities settlements, and the formation of a favorable market environment for investors and issuers.
It is planned to introduce an electronic trading system and launch new financial products at the Ashgabat Stock Exchange, including corporate bonds, REPO, exchange-traded funds, derivatives, etc.
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